SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors in Destination XL Group, Inc.

NEW YORK, May 30, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in Destination XL Group, Inc. (“Destination XL” or the “Company”) (NASDAQ: DXLG). Such investors are advised to contact Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

The investigation concerns whether Destination XL and certain of its officers and/or directors engaged in securities transactions. Fraud or other unlawful business practices.

(Click here for information on joining the class action lawsuit.)

At May 30, 2024Destination XL released a press release announcing “its operating results for the first quarter of fiscal year 2024 and updated revenue and profit guidance for the fiscal year.” Among other things, Destination XL reported revenue of 115.5 million US dollarswhich represents a decline of 7.9% compared to the previous year and exceeded consensus estimates by 2.4 million US dollarsDestination XL also stated: “Based on our current sales trends, we are trending toward the lower end of our previous sales forecast, which 500 million US dollars Comparisons USD 515.05 million Consensus (previously $500.00 – 530.0 million US dollars), with comparable sales declining by a mid-single-digit amount.”

Following this news, Destination XL’s share price fell $0.27 per share or 7.56% and closed at 3,30 € per share on May 30, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of victims of securities class action litigation. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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